Due to an “extremely aggressive” hack that cost BlueBenx $31 million, a crypto investment company with offices in Brazil, the company has stopped allowing customer withdrawals. The suspension of withdrawals is said to last for at least six months.
BlueBenx had to halt withdrawals from its platform, which had an impact on 22,000 users. Assuramaya Kuthumi, the company’s attorney, claims that the corporation claims it was the victim of a hack that cost it more than $31 million. Customers were notified of the hack through email:
“Last week we suffered an extremely aggressive hack in our liquidity pools on the cryptocurrency network, after incessant attempts at resolution, today we started our security protocol with the immediate suspension of operations of BlueBenx Finance products, including withdrawals, redemptions, deposits, and transfers.”
No other information regarding the incident was given, but the corporation stated that its security measures would be in place for at least six months. Additionally, it is said that the company fired every employee on the same day.
The company’s decision to fire every employee on the same day that news of the hacks broke has raised questions among the public. The Brazilian Securities and Values Commission also looked into the company earlier this year when it was claimed that it included unregistered securities in its investment portfolio.
The company provided high-yield investment products as a means of luring investors. These offerings provided up to 66% in return for locking money away for a year.